Study of how people meet wants and needs.
Economics Vocab
Flashcard
•
Social Studies
•
6th Grade
•
Hard
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16 questions
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1.
FLASHCARD QUESTION
Front
Back
Economics
2.
FLASHCARD QUESTION
Front
Good: Cell Phone
Back
Cell Phone
3.
FLASHCARD QUESTION
Front
Cost of what you give up
Back
Opportunity Cost
4.
FLASHCARD QUESTION
Front
Desire for a good or service
Back
Demand
5.
FLASHCARD QUESTION
Front
People or businesses that make and sell goods
Back
Producers
6.
FLASHCARD QUESTION
Front
Includes money and human-made goods like machinery and buildings
Back
Capital
7.
FLASHCARD QUESTION
Front
3 factors of production:
Back
Land, Labor, Capital
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